Me & My Property: Persistence and hard work key to his financial independence

Realtor believes one should avoid short cuts when it comes to wealth accumulation

Mr Ryan Cheang, 34, with his wife Veronica Chow, 30, and daughters Natalia, two, and Renee, five. Mr Cheang, a division director at ERA Realty Network, began his journey to financial independence at the age of 14, working part-time at F&B outlets and reta
Mr Ryan Cheang, 34, with his wife Veronica Chow, 30, and daughters Natalia, two, and Renee, five. Mr Cheang, a division director at ERA Realty Network, began his journey to financial independence at the age of 14, working part-time at F&B outlets and retail stores.PHOTOS: COURTESY OF RYAN CHEANG
Casa Rosa (above), where Mr Ryan Cheang lives with his family in a three-bedroom apartment.
Casa Rosa (above), where Mr Ryan Cheang lives with his family in a three-bedroom apartment. PHOTOS: COURTESY OF RYAN CHEANG
Casa Rosa, where Mr Ryan Cheang lives with his family in a three-bedroom apartment. Above is their living room. Mr Cheang said it is important to spend time studying the URA’s masterplan for better-informed decisions before buying a property.
Casa Rosa, where Mr Ryan Cheang lives with his family in a three-bedroom apartment. Above is their living room. Mr Cheang said it is important to spend time studying the URA’s masterplan for better-informed decisions before buying a property. PHOTOS: COURTESY OF RYAN CHEANG

Forget about short cuts, slow and steady wins the game when it comes to wealth accumulation, says realtor Ryan Cheang.

Mr Cheang, 34, notes that while it takes "years of persistent hard work to build a nest egg that gives you financial independence, a couple of foolish risks can eliminate some or all of that wealth very quickly".

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A version of this article appeared in the print edition of The Sunday Times on May 10, 2020, with the headline 'Persistence and hard work key to his financial independence'. Subscribe